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re: Your dollar is about to get even weaker as inflation skyrockets once again
Posted on 10/11/23 at 8:50 am to SloaneRanger
Posted on 10/11/23 at 8:50 am to SloaneRanger
quote:
Our dollars are worth about 75% of what they were worth in January 2021. And it’s only going to get worse.
quote:
First, the Fed lowered interest rates by 1½% in March 2020, from about 1½% to just above 0%, effectively lowering other banks’ cost of borrowing to nothing. This increased banks' borrowing of money the Fed created. (See Figure 2.)
quote:
Second, since the beginning of March 2020 the Fed bought nearly $6 trillion in assets (mostly bonds and other long-term securities) with money they created (and which added to the money supply). This includes $3 trillion in just the four months beginning March 2020. These purchases by the Fed were intended to put more money into the economy.
quote:
The Fed’s actions drove a $6.4 trillion increase in the M2 money supply between March 2020 and the end of 2021. This was a massive and unprecedented 42% increase in only 22 months, far more than could be absorbed by economic growth, even with the strong recovery we have had.
Choices were made - I'm not sure what people thought was going to happen.
Posted on 10/11/23 at 9:03 am to Sheep
quote:
I'm not sure what people thought was going to happen
They did know. This had to be intentional.
This is Econ 201 shite. It takes a bare minimum of financial understanding to see what is going on and what the end result will be.
There is no way these decisions were made expecting a different result than is occurring.
Posted on 10/11/23 at 9:07 am to Sheep
So you’re just going to leave out the long list of ridiculous decisions made starting in January 2021?
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